Deloitte welcomes 83 people including two partners as Reformis becomes a Deloitte business has been saved
Deloitte welcomes 83 people including two partners as Reformis becomes a Deloitte business
16 January 2023
Deloitte has announced the completion of its purchase of the assets and business of Reformis, a specialist investment management technology and data firm.
This week sees 67 people from Reformis joining Deloitte in the UK, alongside 11 people in the US and five in Australia. They bring a wide range of expertise including front office implementations, data management and reporting solutions to clients in the investment and wealth management industry.
The deal brings together the two firms’ experts and respective market-leading capabilities, offering investment management clients an even broader range of technology services.
Tony Gaughan, vice chair and investment management EMEA co-leader at Deloitte, commented: “This is a transformative transaction and it demonstrates Deloitte’s commitment to continue growing our investment management practice. It will further enhance our global technology proposition in this sector and our ability to offer these services at scale. Bringing together Deloitte’s global reach with the talent from Reformis enables us to truly meet the demand that we are seeing among our clients as they look to evolve their businesses.”
In addition to the 81 employees that have joined across the UK, the US and Australia, the transaction sees two partners appointed from Reformis – Brian Woodham, the former chief executive officer, and the former chair, Paul McPhater.
Brian Woodham, partner at Reformis a Deloitte business, added: “Joining Deloitte marks a new chapter in Reformis’ 20-year history. During the transition and integration planning, it is evident that Deloitte shares our principles of collaboration, inclusion, accountability, and integrity. This means we are hitting the ground running and, as Reformis a Deloitte business, we will continue to help our investment management clients achieve their business goals by advising, designing, and delivering on technology and data solutions globally.”
Rob Cullen, managing partner for consulting at Deloitte UK, concluded: “This is an important transaction that demonstrates our ability and willingness to invest in opportunities where there is a clear market demand. Given the ever-increasing importance of data and technology to the investment management industry, our clients will only benefit from the depth of talent and breadth of expertise that our combined investment management business, can now offer.”
Notes to Editors
About Reformis a Deloitte Business
Reformis, a Deloitte business, is an investment management technology consultancy for the investment management industry. The experienced team provides unparalleled guidance and support to financial institutions as they navigate their way through regulatory frameworks, implement technology innovations and strive to minimise operational costs and maximise opportunities.
Founded in 2003, the business and assets of Reformis were purchased by Deloitte in 2023.
For more information visit the website here.
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk